CALGARY, ALBERTA -- (Marketwire) -- 03/01/13 -- Twoco Petroleums Ltd. ("Twoco") (TSX VENTURE: TWO) announces that PricewaterhouseCoopers Inc. has been appointed to act as receiver and manager of Twoco by the Court of Queen's Bench of Alberta. The officers of Twoco, Wayne A. Malinowski, President and Chief Executive Officer and Timothy A. Bashforth, Vice President Exploration, Secretary and Treasurer, have resigned their respective positions.

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